Interoffice Memorandum
DATE: April 29, 2026
TO: Mayor Jerry L. Demings and County Commissioners
THROUGH: N/A
FROM: Frantz Dutes, Orange County Housing Finance Authority, Executive Director
CONTACT: Shawn Tan, Director, Program Operations
PHONE: 407-894-0014, Ext 806
DIVISION: N/A
ACTION REQUESTED:
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Approval and execution of Resolution for the issuance of Multi-Family Housing Revenue Tax Exempt Bonds, in an amount not-to-exceed $20,000,000, to finance the acquisition, construction, and equipping of Gale Vista Apartments, a residential rental community in Orange County, Florida. District 2. (Orange County Housing Finance Authority)
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PROJECT:
Gale Vista Apartments is a 100-unit family affordable housing rental development located at 2020 Old Dixie Highway Apopka, FL 32712.
PURPOSE:
The proposal is for the acquisition, construction, and equipping of Gale Vista Apartments located in Orange County, Florida, District 2. The development consists of 100 two-bedroom affordable units averaging 60% or less of the Area Median Income. Gale Vista Apartments will set aside 45 units for families earning 70% or less of the Area Medium Income (AMI), 40 units will be set aside for families earning 60% AMI or less and 15 units are set aside for families earning 30% AMI or less. The Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) created a requirement that all industrial development bonds issued after December 31, 1982, for the purpose of financing multi-family housing developments require the approval by the Orange County Housing Finance Authority (the Authority), and each governmental unit having jurisdiction over the area in which the bond financed facility will be located. Accordingly, the Authority is seeking approval and execution of the attached Resolution to facilitate financing for the proposed project. Complete project information is included in the document.
BUDGET: N/A